ACTIVE

TRANS RESEARCH

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+390.7% YoY

Gross margin

2,6 M €

+1264.1% YoY

Equity

1,4 M €

+1426.0% YoY

Workforce

3,5 ETP

+133.3% YoY

What does TRANS RESEARCH do?

TRANS RESEARCH is a Private limited company incorporated in 2006. Its main activity is: Support activities for transportation. Its registered office is in Leuven. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.543.342

Incorporation

30/01/2006

Legal form

Private limited company

Registered office

Geldenaaksebaan 489
3001 Leuven · FlandreSee on map

Contributed capital

200 000,00 €

Latest accounts

31/12/2025

Average workforce

3,5 ETP

Activities (NACE)

52250Support activities for transportation· main 52290Other transportation support activities 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities 50200Sea and coastal freight water transport+2

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2,6 M €	+1264%	-223,6 k €	-212%	200,4 k €	-32.2%	295,7 k €	-3.6%	306,6 k €	+42.3%	215,5 k €	-7.8%	233,9 k €	+75.6%	133,2 k €		–		–		–		–		–		31,4 k €	+67.6%	18,7 k €	-47.6%	35,8 k €	-70.0%	119,4 k €
EBITDA	2,2 M €	+789%	-326,2 k €	-326%	144 k €	+0.3%	143,6 k €	-16.3%	171,5 k €	+25.9%	136,2 k €	-21.4%	173,3 k €	+208%	56,3 k €	+2.7%	54,9 k €	-19.6%	68,2 k €	+44.3%	47,3 k €	+123%	21,2 k €	+96.4%	10,8 k €	-64.7%	30,5 k €	+77.5%	17,2 k €	-51.4%	35,4 k €	-70.2%	118,6 k €
Operating result	2,1 M €	+544%	-478,5 k €	-2723%	18,2 k €	-7.6%	19,7 k €	-48.8%	38,5 k €	+82.5%	21,1 k €	-72.8%	77,6 k €	+2162%	3,4 k €	-92.1%	43,5 k €	-36.1%	68,1 k €	+45.3%	46,8 k €	+124%	20,9 k €	+95.2%	10,7 k €	-63.9%	29,6 k €	+75.5%	16,9 k €	-51.9%	35,1 k €	-37.2%	55,9 k €
Net result	1,5 M €	+391%	-506,1 k €	-29520%	-1,7 k €	-85.0%	-923,5 €	-107%	14 k €	+1025%	1,2 k €	-97.0%	41 k €	+3621%	1,1 k €	-97.0%	37,2 k €	-45.4%	68,1 k €	+52.6%	44,6 k €	+239%	13,2 k €	+607%	-2,6 k €	-113%	20,2 k €	+199%	6,7 k €	-64.9%	19,2 k €	-32.1%	28,3 k €
Balance sheet
Equity	1,4 M €	+1426%	-103,2 k €	-126%	402,9 k €	-0.4%	404,6 k €	-0.2%	405,5 k €	+11.7%	363,1 k €	+0.3%	361,9 k €	+12.8%	320,9 k €	+0.3%	319,8 k €	+4.0%	307,7 k €	+2.7%	299,6 k €	+5.1%	285 k €	+4.8%	271,8 k €	-0.9%	274,4 k €	+7.9%	254,2 k €	+2.7%	247,5 k €	+8.4%	228,3 k €
Total assets	2,9 M €	+57.1%	1,8 M €	-4.1%	1,9 M €	-0.4%	1,9 M €	-3.6%	2 M €	+5.8%	1,9 M €	+8.1%	1,8 M €	-14.8%	2,1 M €	+132%	887,3 k €	+123%	398 k €	+10.1%	361,5 k €	-25.4%	484,5 k €	-72.2%	1,7 M €	+126%	772,4 k €	-0.2%	774,1 k €	+1.8%	760,3 k €	-1.1%	768,8 k €
Cash	5,7 k €	+4.7%	5,5 k €	-95.6%	123,4 k €	+131%	53,3 k €	+186%	18,6 k €	-91.0%	206,3 k €	+92.9%	106,9 k €	-71.0%	368,8 k €	-48.8%	720 k €	+206%	235,3 k €	+9.3%	215,3 k €	-37.8%	346 k €	-78.0%	1,6 M €	+13590%	11,5 k €	-85.4%	78,7 k €	+180%	28,1 k €	+93.3%	14,5 k €
Debts	894,7 k €	-54.0%	1,9 M €	+28.1%	1,5 M €	-0.4%	1,5 M €	-4.4%	1,6 M €	+4.4%	1,5 M €	+10.1%	1,4 M €	-19.9%	1,7 M €	+206%	567,4 k €	+529%	90,3 k €	+45.9%	61,9 k €	-69.0%	199,5 k €	-86.4%	1,5 M €	+195%	498 k €	-2.3%	509,7 k €	+3.8%	490,9 k €	-5.6%	519,9 k €
Other
Workforce	3,5 ETP	+133%	1,5 ETP	0.0%	1,5 ETP	-48.3%	2,9 ETP	-3.3%	3,0 ETP	+114%	1,4 ETP	0.0%	1,4 ETP	-30.0%	2,0 ETP	+33.3%	1,5 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

BEKAS GROUP

Director · 0832.943.948

Represented by Benny Smets

Active

Ended mandates

BEKAS GROUP

Director · since 22 mars 2018 · 0832.943.948

Represented by Nina Smets

Ended

Benny Smets

Director · since 22 mars 2018 · until 30 avril 2020

Ended

Benny Smets

Manager · since 22 mars 2018

Ended

BEKAS GROUP

Director · since 01 janvier 2011 · 0832.943.948

Represented by Smets Benny

Ended

At this address

Other companies at this address

Company	CBE no.
BEKAS GROUP● Active	0832.943.948
CARSONS MOTORS● Active	0445.750.731
NINATRANS● Active	0419.272.206

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/09/2026	20/08/2025	08/08/2024	21/06/2023	26/07/2022	16/07/2021
General meeting	31/08/2026	25/07/2025	26/07/2024	31/05/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/08/2026	08/09/2026	Dutch	PDF
Abridged model	31/12/2024	25/07/2025	20/08/2025	Dutch	PDF
Abridged model	31/12/2023	26/07/2024	08/08/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	10/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	01/08/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	04/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	27/07/2015	Dutch	PDF
Full model	31/12/2013	15/04/2014	14/05/2014	Dutch	PDF
Full model	31/12/2012	16/04/2013	15/05/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	20/04/2010	17/05/2010	Dutch	PDF
Abridged model	31/12/2008	21/04/2009	19/05/2009	Dutch	PDF
Abridged model	31/12/2007	15/04/2008	15/05/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

BEKAS GROUP

Director · 0832.943.948

Represented by Benny Smets

Active

Ended mandates

BEKAS GROUP

Director · since 22 mars 2018 · 0832.943.948

Represented by Nina Smets

Ended

Benny Smets

Director · since 22 mars 2018 · until 30 avril 2020

Ended

Benny Smets

Manager · since 22 mars 2018

Ended

BEKAS GROUP

Director · since 01 janvier 2011 · 0832.943.948

Represented by Smets Benny

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates06/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/09/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other06/03/2006
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,5 M €↑
2024
Annual accounts 2024-506,1 k €↓
2023
Annual accounts 2023-1,7 k €↓
2022
Annual accounts 2022-923,5 €↓
2021
Annual accounts 202114 k €↑
2018
Annual accounts 20181,2 k €↓
2017
Annual accounts 201741 k €↑
2016
Annual accounts 20161,1 k €↓
2015
Annual accounts 201537,2 k €↓
2014
Annual accounts 201468,1 k €↑
2013
Annual accounts 201344,6 k €↑
2012
Annual accounts 201213,2 k €↑
2011
Annual accounts 2011-2,6 k €↓
2010
Annual accounts 201020,2 k €↑
2009
Annual accounts 20096,7 k €↓
2008
Annual accounts 200819,2 k €↓
2007
Annual accounts 200728,3 k €
30/01/2006
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TRANS RESEARCH

Overview

What does TRANS RESEARCH do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline